10 Victoria Street, Wolverhampton, West Midlands WV1 3NP
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 18 Click here for addendum Gross Yield 12.8% 6 Week Completion Situation Occupying a busy trading position in this city centre retail thoroughfare, opposite Beatties and amongst such multiples as Betfred, British Heart Foundation, Oxfam, Slug & Lettuce, Waterstones, HSBC and many more. In addition, the property is adjacent to the rear entrance to the Mander Centre Shopping Precinct, which also hosts a variety of established retailers including Matalan and Debenhams. The City of Wolverhampton is located approximately 12 miles north-west of Birmingham city centre and enjoys good road links via the M6 (Junction 10) and M54 (Junction 2). Property A mid-terraced building comprising a Ground Floor Restaurant with internal access to Ancillary Accommodation at first floor level. In addition, there is a Deed of Grant that enables the property to use a communal service area in the basement of the adjoining Mander Centre Shopping Precinct for the purposes of loading/unloading (refer to Legal Pack). Accommodation Ground Floor Restaurant (68 Covers) Gross Frontage 33'11” Internal Width 28'8” (max) Shop & Built Depth 66'10” Area Approx. 1,515 sq ft Disabled WC First Floor Ancillary Area Approx. 1,060 sq ft¹ Male & Female WCs Total Area Approx. 2,575 sq ft ¹ Area from VOA VAT is applicable to this Lot FREEHOLD Tenancy The entire property is let on a full repairing and insuring lease to D. A. Pawelski as a Polish Restaurant for a term of 5 years from 1st February 2019 at a current rent of £16,000 per annum exclusive. Tenant's Break 2022
